Measuring the Impact of Infrastructure Systems Using Computable General Equilibrium Models

Zhenhua Chen () and Kingsley E. Haynes
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Zhenhua Chen: The Ohio State University
Kingsley E. Haynes: George Mason University

Chapter Chapter 5 in Regional Research Frontiers - Vol. 2, 2017, pp 79-103 from Springer

Abstract: Abstract With the advancement of computational technology and applied modeling platforms, the Computable General Equilibrium (CGE) model has been widely adopted for impact assessment. Current CGE modeling techniques enable analysts to achieve robust impact simulation through capturing heterogeneous regional economic structures and dynamic interactions of economic activities. However, key issues related to the sensitivity of exogenous parameters and the underpinnings of tracking policy shocks are not yet well understood. This essay addresses these critical concerns using empirical studies of transportation infrastructure as an example. Our purpose is to promote a reconsideration of the fundamentals of CGE modeling and suggest directions for future research.

Keywords: Computable General Equilibrium; Computable General Equilibrium Model; Dynamic Stochastic General Equilibrium; Social Accounting Matrix; Global Trade Analysis Project (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/978-3-319-50590-9_5

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